Ether (ETH) returned to $4,000 on Sept. 3 for the primary time since Might as a strong week of beneficial properties culminated in a significant worth milestone.

Towards month-to-date beneficial properties of $600, the pair reclaimed the historic stage it had misplaced within the dramatic development reversal that rocked the cryptocurrency market roughly three months in the past.


In so doing, Ether broke out of its three-month buying and selling zone, with $4,025 simply $350 away from all-time highs.

ETH/USD 1-day candle chart (Bitstamp). Supply: TradingView

By way of weekly efficiency, Ether took third place out of the highest 10 cryptocurrencies by market capitalization, behind Solana’s SOL and Polkadot’s DOT tokens.

Bitcoin (BTC) additionally capitalized on contemporary power of its personal, rallying to a critical resistance at $51,000.

How lengthy can the nice occasions final?

Ether’s successes have given bulls motive to rejoice, however the transfer has additionally produced some murmurs from critics.

With gas fees still causing frustration for traders, there was a way of disparity as even actress Reese Witherspoon introduced that she had invested in Ether.

Broadly, nonetheless, opinions converged that the ultimate months of 2021 could mimick the frenzy to the end of 2013 and 2017.

“No matter when precisely it comes the following few months will in all probability be insane past what most of you’ll be able to think about, but in addition at some point throughout all that mania the music will cease,” in style Twitter account Lark Davis summarized in a devoted thread on the present crypto bull market.

Associated: Is Ethereum’s rally signaling the next bull market phase for Bitcoin above $50K?